This paragraph, from this story, caught my eye:
With no heir, the late Herbert Blagrave, a philanthropic racing figure, left his family fortune to a trust, along with orders that the money should be spent on sick children, the elderly and injured jockeys.
The link is via Rachel Davison, and it concerns the sale of an entire English village. How is this for a sales pitch?
Tim Sherston of Jackson-Stops called the village a "safe and sound investment" despite the economic slowdown.
"You've got an entire village — 22 houses, a cricket pitch, a village shop, a forge and 1,500 acres of farmland, 450 acres of woodland …We think actually there will be a lot of potential buyers for this."
How much will it go for? Here is the website for the Injured Jockeys Fund, note the photo on the top.
If it is a fair price and if it is such a reasonable investment, why is the trust trying to sell it? Judging from the article, all the trust requires is a reliable flow of income. What will they do with the proceeds that will provide them with a more desirable income pattern?
I wonder if the late Herbert Blagrave left his family fortune in the hands of a reliable charity trust. I am saying this because what if he did this for the well being of the people in his village, but that wouldn’t be the case since the trustees have decided to sell it and use the money they raise elsewhere. With a new owner, there are definitely going to be some changes in the village (with the amount of price on it) which could impact the lives of the locals who live on the village. I just hope that the charity trust keep the promise that they made with the late Herbert Blagrave and spend the money that they make from his fortune on the sick, the elderly and injured jockeys. Also, despite the economic condition there are always going to be people interested in these sorts of trade like the real estate companies. Judging by what I have read, I would say that this trade comes with a lot of profits.
Is the “only in England” part that they didn’t use the serial comma in “sick children, the elderly and injured jockeys?”
Careful, chaps; it’s happened before that someone has become Lord of a Manor without realising all the outgoings that it can require – such as, in one case, being held liable to spend a fortune on restoring the parish church.
With economic recession the safe and sound investments are preferred by the individuals to minimize risk of uncertainty .
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